Breeze Airways Looks to Fly Higher with its $200 Million Series B Round of Funding

Some 10 months after closing an $83 million round of funding, Breeze Airways is at it once again as it announced yesterday that it has raised $200 million in a Series B round of funding.

According to multiple news reports (and verified by the company's social media accounts), the latest Breeze funding was secured through various accounts and funds managed by investment firms BlackRock (with $9.49 trillion in Assets Under Management) and Knighthead Capital Management (with ~$6.1 billion in AUM).

Under the direction of CEO and Founder, David Neeleman, Breeze has raised a total of $300 million since its founding in mid-2018.

David Neeleman, CEO and Founder of Breeze Airways. Photo copied from Breeze website 18 August 2021.

In fact, Cottonwood Heights, Utah-based Breeze represents the fifth airline Neeleman has founded or co-founded during his career:

  • Morris Air,
  • WestJet,
  • JetBlue,
  • Azul, and now
  • Breeze.

Using the disruptive business model Neeleman has perfected throughout his career, Breeze is a low-cost carrier currently flying in and out of 16 cities in the South and Midwestern regions of the country, as well as along the Eastern Seaboard.

The airports in these cities represent markets that the company claims are underserved by the traditional carriers. {See route map below for details.}

Breeze Airways route map. Copied from the company website 18 August 2021.

AUTHOR'S NOTE:  My review of the Breeze website shows one-way flights currently available for as low as $51.

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